World Economic Forum creates consortium to study cryptocurrency governance

According to Criptonoticias, the World Economic Forum (FEM) has had the initiative to create a international consortium to study the cryptocurrency ecosystem and design a governance framework that also includes stable currencies or stablecoins.

This international consortium brings together financial companies from different countries, financial authorities, government representatives, developers and more to discuss and determine which governance model would be most appropriate to achieve effective financial inclusion.

Based on our long history of public-private cooperation, we hope that hosting this consortium will catalyze the necessary conversations to inform a solid governance framework for global digital currencies, said FEM President Klaus Schwab.

This international consortium would have the support of several authorities, such as the governor of the Central Bank of England, Mark Carney, who has had positive statements about the use of digital currencies.

Joseph Lubin of Consensys and David Marcus of the Libra Association also had positive comments on this initiative of the World Economic Forum (EMF):

We applaud the efforts of the EMF to actively investigate digital currencies, including those based on blockchain, as a means to foster innovation, but also to ensure that central banks can maintain their role as administrators of the economy. The future of money is digital and central banks and the public sector have a crucial role to play in ensuring that this future is sustainable, inclusive and positive for society, remarked Joseph Lubin, founder of ConsenSys.

On the other hand, last week it became known that the FEM is preparing a Blockchain Bill of Rights in order to safeguard the interests of users who use this technology.

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Adolfo Morán
Adolfo is Founder and Executive Director of Lawgic Tec, a nonprofit association dedicated to research on issues of law and new technologies. General Editor of The Crypto Legal web platform and Legal Consultant in the Financial Regulation and FinTech area of ​​EY Law. He specializes in Blockchain, Smart contracts and Fintech. Email: contacto@lawgictec.org

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